BAKU, Azerbaijan, March 7. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, moved up by $6.72, or 7.64%, on March 6 from the previous
level, coming in at $94.62 per barrel, a source in the oil market
told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
grew by $6.81, or 8.14%, to $90.50 per barrel.
The price of URALS crude also went up by $6.6, or 12.71%, to
$58.54 per barrel, while Brent Dated crude from the North Sea rose
by $6.49, or 7.4%, to $94.20 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
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